!! Fake Ethena Labs token exploited for $290K on Binance Launchpool !!

A fake token with the same name as Ethena Labs's ENA token has been exploited for 480 BNB

BNB tokens worth $290,000 on the Binance launch pool for farming.

The vulnerability behind the exploit is still unknown. On-chain security firm PeckShield reported the incident at 8:31 am UTC on March 29 in an X post, mistaking the fake token for the real ENA token.

Ethena Labs’s ENA token was announced on the Binance Launchpool on March 29. The exploit of the fake token, which is unrelated to Ethena Labs, occurred a few hours after the announcementing listing, causing widespread confusion.

#ETHENALAUNCHPOOL #Ethena! #BinanceLaunchpool

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